IT Business Manager

Monument Health
flexible benefit account, paid time off, remote work
United States, South Dakota, Rapid City
677 Cathedral Drive (Show on map)
Sep 28, 2024
Current Employees: If you are a current employee, please apply via the internal career site by logging into your Workday Account and clicking the "Career"icon on your homepage. Primary Location Rapid City, SD USA Department CS VP of Information Technology Scheduled Weekly Hours 40 Starting Pay Rate Range $81,933.30 - $102,416.62 (Determined by the knowledge, skills, and experience of the applicant.) Job Summary The IT Business Manager is responsible for overseeing the financial management and contract administration for the IT department. This role will serve as the primary owner of the IT budget and financial performance of the IT division, including variance analysis, forecasting, and business case development. This role also acts as a liaison between IT, Finance, Purchasing, and third-party vendors, ensuring efficient management of contracts and purchase orders. The incumbent will also review existing contracts for duplication, financial stewardship opportunities, and consolidation possibilities to optimize financial performance and resource allocation. Possible Remote work available. Monument Health offers competitive wages and benefits on qualifying positions. Some of those benefits can include: Supportive work culture Medical, Vision and Dental Coverage Retirement Plans, Health Savings Account, and Flexible Spending Account Instant pay is available for qualifying positions Paid Time Off Accrual Bank Opportunities for growth and advancement Tuition assistance/reimbursement Excellent pay differentials on qualifying positions (extra pay for working evening, nights or weekends) Flexible scheduling Job Description* Essential Functions: Financial Management: Oversee the budgeting, forecasting, and financial performance for the IT department. Conduct variance analysis comparing actual technology spend versus planned forecasts and prior periods. Perform project-based financial analysis and modeling to support operational and capital spend reporting. Assist in the preparation and submission of business cases for financial investments. Review monthly department results with IT Leadership, highlighting performance and coordinating forecasts. Support the annual planning and quarterly forecasting processes. Create insightful and actionable analyses to inform significant business initiatives. Generate recurring and ad-hoc reports to facilitate data-driven decision-making. Contract Administration: Serve as the point person for IT contracts, coordinating with Finance, Purchasing, and third-party vendors. Manage the process of new and renewal contracts and purchase orders to ensure streamlined operations. Review existing contracts to identify duplication, opportunities for financial optimization, and consolidation. Develop and maintain policies and procedures to ensure consistent and robust contract management practices. Process Improvement: Identify and implement process improvement opportunities to enhance the efficiency of IT finance processes. Work collaboratively with IT leadership and senior business and corporate financial leaders to provide transparency into financial results. Analyze financial risks and opportunities, developing reporting and recommendations to impact overall financial results and objectives. Leadership and Collaboration: Work effectively with IT leadership teams, overseeing the complete financial budget(s), forecasts, and financial performance for the area. Provide guidance to stakeholders in achieving financial objectives. Convert detailed financial data into understandable reporting summaries, analysis, insights, and actionable recommendations for IT Leadership. Manage the quarterly forecast process and annual budget plan to support strategic business imperatives. Respond to financial inquiries by gathering, analyzing, summarizing, and interpreting data for IT business leaders. All other duties as assigned. Additional Requirements Required: Education - Bachelor's degree in Business, Finance, Economics, Accounting, Computer Science, or a related field Experience - 2+ years Financial Analysis Experience Preferred: Education - Master's degree in related field Experience - 2+ years IT Contract Management Experience Physical Requirements: Light work - Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. Job Category Business Administration Job Family Business Services Shift Employee Type Regular 15 Corporate Services Division Make a difference. Every day. MonumentHealthis an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected Veteran status.